By Josh White
Date: Tuesday 31 Dec 2024
LONDON (ShareCast) - (Sharecast News) - Zephyr Energy confirmed the receipt of $7.5m in funds to fully finance the drilling, completion, and production testing of the extended lateral on its State 36-2 LNW-CC-R well on Tuesday.
The AIM-traded firm said the development followed its earlier announcement on 18 December.
Drilling operations were scheduled to begin in mid-January 2025, as previously outlined.
Zephyr said it would provide further updates on the project as progress was made.
At 1055 GMT, shares in Zephyr Energy were up 8.33% at 3.25p.
Reporting by Josh White for Sharecast.com.
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| Currency | UK Pounds |
| Share Price | 2.65p |
| Change Today | -0.050p |
| % Change | -1.85 % |
| 52 Week High | 4.90 |
| 52 Week Low | 2.40 |
| Volume | 3,292,648 |
| Shares Issued | 2,100.72m |
| Market Cap | £55.67m |
| Beta | 1.46 |
| RiskGrade | 818 |
| Value |
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|---|
| Price Trend |
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| Income | ![]() |
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| Growth |
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| Strong Buy | 2 |
| Buy | 1 |
| Neutral | 0 |
| Sell | 0 |
| Strong Sell | 0 |
| Total | 3 |

| No dividends found |
| Time | Volume / Share Price |
| 16:37 | 250,000 @ 2.65p |
| 16:59 | 250,000 @ 2.65p |
| 16:59 | 250,000 @ 2.65p |
| 16:37 | 250,000 @ 2.65p |
| 16:10 | 677,966 @ 2.61p |
| CFO | Christopher Eadie |
| CEO | Colin Harrington |
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